Wayne Collier

If you were absolutely committed to: - Bringing the global financial system onchain, linking all existing institutions into an interoperable network accessible to anyone - Adding a fully decentralized crypto ecosystem inside that network, with atomic composability among traditional and crypto assets - Allowing anyone in the world to personally own a piece of that network, with self-custody of that ownership stake - Preserving privacy for everyone What would you build? If your understanding of Canton doesn’t fit this picture, let’s dig deeper.

@LeilaniFarms Probably best for them to reach out to the Foundation: canton.foundation/contact-us/

@waynecollier111 Is there any way I can direct message you about a large investor? trying to get in touch with somebody up top in the ecosystem promise its not a waste of time

Hey, guys, thanks for the questions. Both are going to happen: Validators on private subnets have to burn CC when they want to also compose transactions across the Global Synchronizer. That’s real now. And you will see private synchronizers start to require CC burn for transactions on the private subnets. You’ll know private subnet burn is close to reality when you see a CIP reach public discussion. I expect to see a CIP go public within a few months, but can’t be certain. There’s a lot of background work happening to move the network in this direction.

@lionelnd17 @VelocityofMove1 @waynecollier111 I definitely could have mis understood what they were saying but would love for some experts to chime in again if they don't have time. The technical terms can get confusing lol

*Aloha CC Investors I have an Exciting Announcement* I have "4 White List Passes" for new investors who want to try out the @alpendhq Decentralized Lending and Borrowing protocol built on the @CantonNetwork It enables participants to supply assets and earn yield, or borrow against collateral — with positions that are confidential by default and settlement that is deterministic on-chain. As many of you know I decided to dip my toes into @alpendhq Lending / Borrowing Platform powered by the Canton Network just yesterday morning about 24 hours ago... So far so good! Earned 12.25 canton-network:native within the last 24 Hours. **If this keeps pace that's over 5,000 Earned CC per Year with current allocation! That adds up! Earnings are Paid Hourly and automatically put back into your pool of "Supplied CC" which keeps your earnings compounding. *No "Lockup Period" BUT if In exceptional circumstances, governance can pause withdrawals for a specific asset — for example, during a security event. If this is something you're interested in feel free to chime in on this thread and I'll do my best to give the 4 passes to people who are ready, willing, and able! @alpendhq is doing a "controlled rollout" for their Decentralized Money Market so if you miss this one...more openings coming soon! @canton_loop is needed so make sure you have all of that registered & funded before trying to move forward with Alpend. IMPORTANT: I am not savvy one bit with the technical side of this, even the registration and linking wallets is nerve racking to me so I CAN NOT help you in that regard. You need to be ready to go with Funded Canton Loop Wallet! Mahalo 🤙🤙🔥🔥

Hi, @akyra_0 An interesting and useful perspective in the memo. Thanks for taking the time to dig into the details. The work to make it easier to route across the Global Synchronizer is a major focus for the Canton and Splice teams this year. You'll see significant improvements in the tooling for gSync routing in the Splice 1.0.x release line starting June - July, and further improvements throughout the rest of the year. Also, as Yuval has already hinted, the community is considering whether to make CC burn a requireement for activity inside the subnets, independent of routing across the gSync. We'll see more analysis and discussion of the relevant tradeoffs in the second half of this year, along with some technical proposals for how it might happen. One minor clarification: Most CC is now minted as App Provider rewards, not Validator rewards. The app reward portion is the largest now and its share will continue to rise.

🚨 INTRODUCING: “CANTON THESIS SERIES” 🚨 After publishing our dossier on @CantonNetwork and $CC, we received something we honestly didn’t fully expect: real debate. Builders. Validators. Holders. Institutions. People directly involved in the ecosystem. And that confirms something important: 👉 the market is still trying to understand how Canton actually works. That’s why we’ve decided to gradually break down the dossier piece by piece. No rush. No empty hype. Just structured analysis published whenever time allows. Over the coming weeks we’ll be sharing a series of posts explaining, in a simple and visual way: 👉 what the Global Synchronizer really is 👉 why routing changes everything 👉 how $CC burn actually works 👉 what the BME really means 👉 which on-chain signals matter most 👉 what could trigger a regime change 👉 and how different scenarios could unfold if the model works the way many expect Because the real question is no longer: “Does Canton have potential?” The real question is: 👉 how much value the public layer will ultimately capture. Thanks to everyone building this ecosystem: @CantonNetwork @CantonFdn @YuvalRooz @ShaulKfir @waynecollier111 @Emmett_ @wesarn_real @MarkWendlandCSH @ZenithFdn @HeslinKim @digitalassetinc @DTCC @Visa @circle @Brale_xyz @Broadridge @HSBC @NorthernTrust @Nomura @MizuhoGlobal @WalletConnect @BitGo @Alchemy @HQLAX @BitwavePlatform @AminaBank @temple_ny 📘 Dossier: drive.google.com/file/d/17Ufj70… ⏳ Coming soon: “Why the market still doesn’t understand Canton.” Stay tuned 😉 “More real usage on the public network, more value for $CC”

A private subnet is a private synchronizer with some Validators linked to it. Those same Validators can also link to the Global Synchronizer. Making this easy and common is a big focus for the coming year. For example, you’ll see support for contract keys in multi-synchronizer apps, and (as Yuval mentions), CC burn on private synchronizers.

@Xray_Vince @Ripple @CantonNetwork @Broadridge @waynecollier111 any clarity for our friend and myself over here? @wesarn_real

Bravo to @Ripple and their “Hidden Road” which is now clearing $3 Trillion Annually through 300+ Financial Institutions! Congratulations you just did in 1 year what the @CantonNetwork does in 1 month with just 1 of our Players… Say hello to @Broadridge as they are already clearing over $350 Billion per DAY in REPO volume on the Canton Network 1 Player on $CC Network smashes the entire Annual clearing of Ripples flagship institutional money rail… 😘 And we have like 1045 other Validators ready to go with their projects. Step aside @bgarlinghouse Big Boys is gonna take things over from here you had your chance 🤙🏾

@reikopuls @LeilaniFarms @xtasllani @Flukilll @CantonNetwork @CantonFdn @YuvalRooz @wesarn_real @ShaulKfir @supanova_app @ConsoleWallet @Ledger Ledger has not given up. I’ll leave it to them to discuss their process and timelines.

@LeilaniFarms @xtasllani @Flukilll @CantonNetwork @CantonFdn @YuvalRooz @waynecollier111 @wesarn_real @ShaulKfir @supanova_app @ConsoleWallet @Ledger Unfortunately they seem to have fallen asleep / given up. They are 3 months late and have even forgotten about their super validator (it hasn't locked its stake yet, soon will be retrograded)

Worth Repeating that @CantonNetwork is Numero Uno by Daily Network Revenue. Trend has been in affect for all of 2026 Nice work team @CantonFdn @YuvalRooz @waynecollier111 @wesarn_real @ShaulKfir and whoever I missed.. Anybody paying attention knows this isn’t happening by chance keep up the good work behind the scenes building the Network of Networks

@bc1pxxx Great summary, @bc1pxxx!!

Great summary of Canton by @bc1pxxx at Five North.

It is easier to do a series of micro hard forks, in comparison to one big one. But, the incentive for successful blockchains is to squeeze all the changes into one big hard fork, since the politics of activation is the difficult part.

@bpmilne Great list, @bpmilne. Several places here where we need to improve Canton. Many thanks for giving this some thought.

When I get asked "What should we be thinking about" this is effectively the list, every time. Fast follows are primary custodians, issuers, ramps, and self custody wallet partners.

If you are launching a new blockchain/ecosystem. Here are some things that will make it easier for others to build on your stack.

@CredShields Asymmetry ftw

Here's the problem with putting institutional finance on a standard blockchain. Everyone can see everything. Trading positions. Salary data. Settlement prices. All of it, visible to anyone on the network. DAML solves this with sub-transaction privacy. Each party sees only what they're entitled to see. The regulator gets visibility. The counterparty doesn't see what they shouldn't. This is what makes Canton viable for serious finance where every other chain falls short. It's also what makes security genuinely complex here. When you audit a DAML system, you're validating that the privacy model holds, that disclosure boundaries are correctly defined, enforced, and resistant to circumvention. The stakes are different. The audit has to be too.

We need to build a cultural movement. This is how @CantonNetwork hits escape velocity. 👇 @CantonFdn $cc

@BitSafe_Finance @CantonNetwork Nicely done

Burn mint equilibrium is why @CantonNetwork can price fees in USD, burn Canton Coin ($CC), and still pay contributors via minting. Our latest article breaks down the mechanism, then explains the incentive failure mode: when rewards pay for activity count instead of economic value. blog.bitsafe.finance/p/burn-mint-eq…

Yep, going permissionless is necessary to get the full benefits of blockchain. I think Canton is even more resistant to corruption than Ethereum, due to the benefits of asymmetric decentralization with privacy, versus symmetric distribution with transparency. Proof of Stake strikes me as not strong enough security if a small number of parties are able to stake on the order of 10^8 times more than others can. For its part, Canton needs to improve its mechanisms for verifying activity without disclosing private data, and scale access to permissionless assets without requiring transparency. Interesting challenges.

"If banks want the benefits of blockchains they must go permissionless." -Nick Szabo Permissionlessness is the ability for anyone to use or participate in the network. To disrupt that, an adversary would need to corrupt social consensus. Ethereum arguably has the highest cost of corruption.

Slowly realizing the original vision...

My top 10 projects on @CantonNetwork. The video ran long (12 min) but I wanted to give these projects the respect and time they deserved. Also, if you're watching you should follow. Enjoy. @CantonFdn $cc

Some players on the network are minting more than they burn. They're doing this because they believe this is a better strategy for now than growing their business large enough that their app starts to burn more than it mints. You could argue that they're not helping the network "enough", but they're still mopping up and burning $CC supply. Others are already burning more than they mint, because they want to maximize growth of their business and gain new users, or because they already offer enough value that their customers are willing to pay more to use the app than the app provider burns to operate it on the Global Synchronizer. This second type of app is motivated to continually grow their activity, and their burn, as fast as they can, because they make money with every new user and every new transaction. The basic thesis of the Global Synchronizer is that composability with privacy is so valuable that this second type of application will dominate over time. If the network players who value composability with privacy are right, the burn rate will grow above the minting rate, and apps will continually purchase Canton Coin to sustain their growing burn. We have no way to know whether this will happen or not; all we can do is work to help the network grow, and help these valuable apps succeed. There's not much to say beyond this, except that everyone with a stake in the network can pitch in to make it happen, and hundreds of organizations, including Digital Asset, are actively doing that right now.

There's no need to resort to insults to point out a real problem. The legitimate concern is this: the holder sees improvements in the network, more burns, and a better market, but that's not yet clearly reflected in the price. The question isn't whether they're treating us like fools, but whether they're truly going to take the holder into account or if we'll always remain the last piece of the equation. "More real-world use on the public network, more value for $CC"

Post 1/3 Looking at today's on-chain snapshot, the Canton network is improving: • 10.56M minted • 7.44M burned • BMR 70.47% • ~$2.3M in daily fees • 70.9K active addresses • private updates at 30.7% In other words, the network is performing better than it was a few weeks ago. But the price of $CC doesn't reflect this as one might expect. And this is where many holders have a perfectly legitimate question: If the network is improving, good news is coming out, and there's demand… who is taking advantage of that liquidity? I'm not making any claims. But I am saying this: The feeling for the holder remains uneasy. “More real usage on the public network, more value for $CC “

@akyra_0 I can tell this is important to you, and you want some clarity. But there's not a lot to say beyond what's been said here, in the whitepapers, and in the source code. Passive retail holders are no different than any other holder of Canton Coin. Canton Coin holders can either burn their Canton Coin now to pay for traffic, sell it to someone else, or hold it in anticipation of a future sale or burn. Canton Coin represents the value of processing a transaction via the Global Synchronizer. The Global Synchronizer provides integration between Canton nodes with cryptographically proveable consistency. This has value because it enables composability among private financial workflows, which makes capital more mobile, and capital movement less expensive, which in turn increases the scale and velocity of financial activity. It also has value because it makes assets more easily accessible to a wide range of financial actors, from large institutions to retail investors. The price of Canton Coin ultimately reflects both the current value of what the Global Synchronizer is doing, and the value its holders project it will have over time. Perhaps you'd like Digital Asset to guess what the burn rates will look like in the future, or what multiple the market will ascribe to burn rates. We don't know, and even if we did, we couldn't say. We celebrate new apps joining the network, we work to help our partners work together, we contribute all the ecosystem improvements we can manage, we build our own apps and also use apps already on the network, we make announcements when new developments are known, and we watch the burn charts along with everyone else.

I understand your point, Yuval. And yes, in the end, the market will decide whether or not to adjust the value of $CC over time. But here's a more concrete question we shouldn't keep avoiding: Is the passive holder a real part of the Canton equation or not? Because it's one thing to say, "The market will figure it out eventually," and quite another to clearly explain what specific mechanisms will ensure that value reaches the holder as well, and not just those who trade, validate, or collect rewards first. So I'll ask you directly, and I'd appreciate it if you didn't shy away from this: Do you expect the $CC holder to be a significant part of the network's future value capture, or is it not a real priority in the current design? "More real-world use on the public network, more value for $CC" @waynecollier111 @ShaulKfir @Emmett_ @CantonNetwork @CantonFdn

@Joris_DLN makes some great points, and he's charting a great path for Fairmint, and private share trading in general. I'm super excited to see more private companies move their cap tables to Fairmint! I think there's also a good argument that Canton will provide a sufficiently liquid and composable settlement layer to enable more native Canton settlement activity than Ethereum itself. Time will tell. The big tradeoffs over the coming years will probably revolve around Ethereum's path to better privacy while preserving economic viability and security, versus Canton's path to improving mobility, independence and resilience for the retail key holder. Both communities will also have to grapple with the question of how (and when) to publicly verify private activity. ZKPs aren't (yet?) a silver bullet here, so both networks will keep balancing various tradeoffs for a while.